Aries Wealth Management Invests $3.88 Million in ExxonMobil (XOM) Stock
Aries Wealth Management bought a new stake in ExxonMobil (NYSE:XOM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,463 shares of the oil and gas company’s stock, valued at approximately $3,875,000. ExxonMobil comprises about 3.6% of Aries Wealth Management’s holdings, making the stock its 3rd largest position.
A number of other hedge funds and other institutional investors have also recently modified their holdings of XOM. Stifel Financial Corp boosted its position in ExxonMobil by 37,429.2% in the 3rd quarter. Stifel Financial Corp now owns 3,774,313 shares of the oil and gas company’s stock worth $309,285,000 after purchasing an additional 3,764,256 shares in the last quarter. First Eagle Investment Management LLC boosted its position in ExxonMobil by 50.2% in the 3rd quarter. First Eagle Investment Management LLC now owns 10,721,955 shares of the oil and gas company’s stock worth $878,986,000 after purchasing an additional 3,582,422 shares in the last quarter. APG Asset Management N.V. boosted its position in ExxonMobil by 22.2% in the 4th quarter. APG Asset Management N.V. now owns 16,887,241 shares of the oil and gas company’s stock worth $1,176,257,000 after purchasing an additional 3,068,500 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in ExxonMobil by 34.8% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,841,645 shares of the oil and gas company’s stock worth $810,213,000 after purchasing an additional 2,539,700 shares in the last quarter. Finally, Hexavest Inc. purchased a new stake in ExxonMobil in the 4th quarter worth approximately $202,812,000. Hedge funds and other institutional investors own 53.25% of the company’s stock.
Shares of ExxonMobil opened at $81.88 on Friday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.80 and a quick ratio of 0.50. The company has a market cap of $346.58 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.17 and a beta of 0.90. ExxonMobil has a 1-year low of $81.17 and a 1-year high of $81.82.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 11th. Investors of record on Monday, May 14th will be paid a $0.82 dividend. This is an increase from ExxonMobil’s previous quarterly dividend of $0.77. This represents a $3.28 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, May 11th. ExxonMobil’s dividend payout ratio is currently 91.36%.
Several equities research analysts have commented on XOM shares. Vetr lowered ExxonMobil from a “strong-buy” rating to a “buy” rating and set a $87.14 price objective on the stock. in a research report on Tuesday, February 27th. Jefferies Group set a $90.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research report on Friday, January 19th. Credit Suisse Group set a $79.00 price objective on ExxonMobil and gave the stock a “neutral” rating in a research report on Monday, May 7th. Barclays restated a “sell” rating and issued a $84.00 price objective on shares of ExxonMobil in a research report on Tuesday, February 20th. Finally, Societe Generale restated a “buy” rating and issued a $87.00 price objective on shares of ExxonMobil in a research report on Tuesday, March 13th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. ExxonMobil presently has a consensus rating of “Hold” and an average price target of $86.75.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company also manufactures petroleum products; manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; and transports and sells crude oil, natural gas, and petroleum products.
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